What’s an EB-5?

The first time I heard the expression EB-5 was uttered by former City Commission Materio. The powers to be were discussing a new development and Materio was directing her comments to Mayor Muoio and I can’t recall verbatim but it went something like this.

Materio: You know this project is an EB-5, and we know what that means.
Muoio: Shaking her head up and down in agreement.

Well I’m sitting in chambers and not only don’t I know what it means I’m aware Materio was upset with it. I make a note to myself to find out what EB-5 means.

Before I could investigate 60 Minutes did a story on it and now I’m upset. Basically 60 Minutes said wealthy foreigners were buying their way into the U.S. Below is an excerpt from Lightstone Investment and the information along with an application can be found.
Read the entire story below:

Have you been looking for inroads to high level real estate projects in the Unites States? Are you interested in an expedited United States green card?

If you are foreign to the United States and a high net worth individual looking for immigration opportunities, the EB-5 visa program may be the right solution for you. An eligible investment into a US business through the EB-5 visa program is the fastest way to a permanent United States green card for you, your spouse and eligible children.

The EB-5 program is actively seeking foreign investors in commercial projects that create at least 10 new US jobs. This program is one of the fastest and easiest ways to receive a green card with no sponsorship needed.


This shouldn’t surprise anyone:

Related is one of the largest private real estate developers in the United States and operates its own EB-5 regional centers.
Read the story below:


How many readers have heard of Hudson Yards in New York? It’s a Related project and you have to read the story to believe it. Residents were asleep until they woke up and saw the size of the project. Too late.

“The Hidden Horror of Hudson Yards Is How It Was Financed”


China is the biggest user of EB-5 in America.  If I may be so bold as to make a suggestion. Start taking Chinese speaking languages, we already owe then $1.13 Trillion.


This is happening while illegal residents are pouring over the border by the thousands and President Trump wants to build a wall, which I am in complete agreement.  Nancy Pelosi, Speaker of the House, is fighting the wall tooth and nail. Below is a picture of Pelosi’s house not the one I originally posted. My bad.